Sensex falls from record-high level, loses over 100 points in opening trade, RIL down 1%

Equity benchmark BSE Sensex gave up the record-highs it scaled on Wednesday to open over 100 points lower on Thursday.

At 9.24 am, the 30-share strong BSE Sensex was trading over 114.47 points or 0.31% lower at 37,407.15, while the broader NSE Nifty was 37.00 points or 0.33% down at 11,309.20.

On Wednesday, markets had closed at record-high levels, gaining over a 100 points. The Reserve Bank of India on Wednesday announced its decision to hike its key lending rate, or repo rate, by 25 basis points citing increasing inflationary pressures.

This was the central bank’s monetary policy committee’s second consecutive rate hike decision, following the 25 bps rate hike in its June policy meet.

In the Sensex pack, losses were majorly led by Vedanta, Tata Steel, Tata Motors, M&M, HDFC and Yes Bank, losing up to 2.38% in early morning trade.

Sectorally,

First Published: Aug 02, 2018 09:33 IST

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